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Brent crude finished Monday's trading session up to $ 39.73, recovering 4.6%. Support for prices was provided by a general improvement in market sentiment after the Fed announced the expansion of a previously announced bond purchase program for US companies. The Fed said it will buy corporate bonds worth up to $ 750 billion to create a corporate bond portfolio based on a broad diversified US corporate bond market index. The index will be composed of all bonds on the secondary market issued by US companies that satisfy the minimum rating of the object, the maximum maturity and other criteria. It is worth noting that the willingness of the US regulator to further stimulate increased investor expectations,




Views: 27 | Added by: mik | Date: 16.06.2020 | Comments (0)


No matter how angry and pulled the blanket Donald trump, but the Fed continues to manage financial markets. What the US president called too gloomy forecasts was actually a necessity. Jerome Powell and his colleagues do not exclude the V-shaped recovery of the American economy, as the head of the Federal Reserve Bank of Dallas Robert Kaplan said, but the basic scenario for the development of events is the Nike-shaped trajectory of GDP. That it requires high levels of monetary stimulation. As soon as the Fed added a portion of liquidity, the S&P 500 immediately rushed up, causing a serious blow to the dollar. 



Views: 23 | Added by: mik | Date: 16.06.2020 | Comments (0)

Forex forecast and recommendations today 06.16.2020: EUR / USD - What will Powell say in Congress ?, GBP / USD - Two reasons for Buy, USD / JPY - The Fed launched two business lending programs


Events to watch out for today:

15.30 Moscow time. USA: Change in retail sales for May.

17.00 Moscow time. USA: Fed Chairman Jerome Powell will deliver a speech to Congress.

Forex forecast EURUSD for today 06/16/2020

The main event of the day will be the speech of the head of the US Federal Reserve in Congress. On the eve of the Federal Reserve announced the redemption of corporate bonds in the amount of $ 75 billion. For the market, this was a pleasant surprise, which caused the sale of the dollar against most competitors. Today, the head of the Fed may declare that the Central Bank is ready to control the “yield curve of bonds” if necessary. In short, the Fed is ready to increase the repurchase of assets. Will such a need be needed in the future? In my opinion, yes. As bond yields will continue to grow as the quarantine caused by the COVID-19 pandemic ends. A few words should be said about the coronovirus itself. A few days ago, one of the leaders of WHO, Maria Van Kerkkhov, who stated that asymptomatic carriers do not distribute COVID-19. But it was precisely the asymptomatic spread that was the only reason for the introduction of quarantines practically all over the world. What does it turn out: they lied to us, but did we believe? WHO says they erred in their initial conclusions. Now it becomes clear why many countries are quickly removing restrictions, despite the high number of patients with COVID-19. What do we have in the dry residue? Additional money supply from the Fed will negatively affect the value of the dollar. What do we have in the dry residue? Additional money supply from the Fed will negatively affect the value of the dollar. What do we have in the dry residue? Additional money supply from the Fed will negatively affect the value of the dollar.


EURUSD recommendation: Buy 1.1325 / 1.1300 and take profit 1.1389



Views: 23 | Added by: mik | Date: 16.06.2020 | Comments (0)

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